Inflation, due to a number of different factors, is causing inflation across a huge number of different industries. Whether it’s supply chain disruption, the aftereffects from the pandemic or the war in Ukraine, everything is starting to cost more as an effect. And when it comes to insurance, it’s no different. As costs for everything like raw materials, energy and workers increase, so does the cost of cover to protect you from some of the very things inflation is causing. In the business world, this can range from business interruption insurance to professional indemnity insurance. So how is inflation affecting some of the major types of business insurance?
